Tax Filing Resources

What is EITC?EITC, Earned Income Tax Credit, sometimes called EIC, is a tax credit to help you keep more of what you earned. To qualify, you must meet certain requirements and file a tax return, even if you do not owe any tax or are not required to file. Find out if you qualify for the EITC.

What is the Affordable Care Act?The Affordable Care Act (ACA) reforms the existing health insurance market by prohibiting insurers from denying coverage or charging higher premiums because of an individual’s preexisting conditions. It also creates the Health Insurance Marketplace. The Marketplace, found at www.healthcare.gov, is where you can find information about health insurance options, purchase insurance, and possibly obtain help paying premiums and out-of-pocket health costs.

The ACA also includes the individual shared responsibility provision, which requires individuals to have minimum essential coverage for each month of the year, qualify for a coverage exemption, or make a shared responsibility payment when filing their federal income tax returns.

Some taxpayers may be eligible for an exemption from the payment. If you did not have coverage and do not qualify for an exemption, you must make a shared responsibility payment with your 2014 tax return. This calculator can help you estimate how much you may have to pay.